SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Law & Policy

BMC panel approves change in land reservation for Bandra plot despite objections from residents and activists

Mumbai News Desk

26 Jun 2026

• A Brihanmumbai Municipal Corporation (BMC) committee has approved a proposal to alter the reservation status of a prominent MHADA-owned plot near Bandra Reclamation.
• The land, previously reserved for recreational use including a playground, is proposed to be redesignated for an exhibition and convention-related facility.
• The move has triggered opposition from local residents, sports groups and civic activists who argue that Mumbai is already facing a shortage of open public spaces.
• The proposal will proceed through further planning and approval processes before any final development can take place on the site.
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Forest land diversion approved for Kirthai-II hydro scheme

26 Jun 2026

The Forest Advisory Committee (FAC) has recommended in-principle approval for the diversion of 197 hectares of forest land for the 820 MW Kirthai-II Hydroelectric Project on the Chenab River in Jammu and Kashmir. The project, to be developed by Chenab Valley Power Projects Limited in Kishtwar district, had earlier secured environmental clearance recommendations subject to forest approval. The run-of-the-river scheme will require the felling of 8,723 trees and forms part of a broader hydropower development programme in the Chenab basin.Read more

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Maharashtra proposes uniform housing society maintenance rules to reduce disputes among residents

26 Jun 2026

• The Maharashtra government has proposed a new framework for cooperative housing societies aimed at bringing greater clarity to the calculation and collection of maintenance charges.
• The draft rules seek to standardise the treatment of common expenses and establish a uniform methodology for recovering charges from society members.
• The proposed changes are intended to reduce recurring disputes over maintenance billing, particularly in mixed-use and multi-wing housing developments.
• The framework forms part of a broader effort to modernise housing society governance and improve transparency in financial administration.
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Bombay High Court clears mangrove removal for Vadhvan Port connectivity project

26 Jun 2026

The Bombay High Court has cleared the removal of 208 mangrove trees to facilitate construction of an eight-lane access-controlled highway connecting the upcoming Vadhvan Port in Palghar district to NH-48, providing a significant boost to the INR 76,220 crore port project. The court observed that the project serves a larger public purpose and holds substantial economic significance. The National Highways Authority of India (NHAI) received approval after demonstrating compliance with environmental, coastal regulation zone and forest clearance requirements, including compensatory afforestation measures. The project proponent has undertaken the plantation of approximately 1.33 lakh mangroves across 30 hectares and deposited more than INR 4.83 crore towards compensatory afforestation. The clearance is expected to accelerate implementation of the proposed greenfield port, which is being developed near Dahanu in Palghar district.Read more

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NHAI steps up action against highway encroachments and unauthorised parking at 595 locations

26 Jun 2026

The National Highways Authority of India (NHAI) has intensified efforts to remove encroachments and unauthorised parking along National Highways in a bid to improve road safety and traffic management. The authority has identified 595 critical locations across multiple states where unauthorised parking activities have been reported and is coordinating with state governments, district administrations and enforcement agencies to address the issue. Alongside enforcement measures, NHAI has ordered audits of Advanced Traffic Management System (ATMS) infrastructure to ensure key safety and monitoring equipment remains operational. The initiative also includes enhanced highway patrolling, deployment of ambulances and recovery vehicles, and integration of monitoring systems with enforcement agencies to strengthen incident response and improve safety standards across the national highway network.Read more

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Kolkata warehouse collapse leaves five workers dead, rescue operations continue

26 Jun 2026

• Five workers have died following the collapse of a warehouse structure in Kolkata, while rescue teams continue efforts to locate and evacuate those trapped beneath the debris.
• Emergency personnel have rescued several individuals since the incident, with search operations involving specialised disaster response teams and heavy equipment.
• Authorities are investigating the circumstances that led to the collapse and assessing structural conditions at the site.
• The incident has raised concerns over worker safety and structural compliance at industrial and storage facilities in the city.
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Goa housing project faces continued opposition as Karapur villagers refuse to end 78-day protest

Goa News Desk

26 Jun 2026

• The protest against the proposed housing project in Karapur, Goa, has entered its 78th day, with villagers continuing their opposition over environmental and regulatory concerns.
• Residents allege that the project threatens local water sources, biodiversity and the village's ecological balance.
• Protesters have organised marches, awareness campaigns and tree-planting drives while demanding a complete halt to the development.
• The movement has attracted support from environmental activists and public representatives, bringing wider attention to the issue.
• Villagers say they will continue the agitation until authorities address their concerns and review the project's approvals and environmental impact.
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Haryana launches 24-hour auto-mutation system, enabling fully digital property registration

26 Jun 2026

Haryana has introduced an upgraded Auto Mutation System and Paperless Registration 2.0, enabling property ownership records to be updated within 24 hours of registration without requiring separate mutation applications. The reform digitally integrates property registration with land records, reducing paperwork, manual intervention and transaction delays. Aimed at improving transparency, curbing fraud and strengthening ease of doing business, the initiative is expected to benefit homebuyers, developers, financial institutions and other stakeholders by ensuring faster, more accurate and secure property ownership transfers across the state.Read more

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NHAI suspends Shivalaya, orders soil testing at 378 sites on NH-66 after Kollam retaining wall collapse

26 Jun 2026

The National Highways Authority of India has temporarily suspended concessionaire Shivalaya and independent engineer Feedback-Satra JV from future bidding, following the collapse of a 9.4-metre reinforced soil wall at Mylakkadu in Kollam district on 5 December 2025. The wall, part of the Kollam-Kadambattukonam project on NH-66, failed due to inadequate foundation soil strength. NHAI has issued show-cause notices proposing debarment of up to three years for the concessionaire and two years for the independent engineer, alongside monetary penalties, and ordered soil testing at 378 structures across 18 NH-66 projects in Kerala.Read more

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Goa drafts new industrial building norms to increase development capacity

26 Jun 2026

The Goa Industrial Development Corporation (GIDC) is drafting new building bylaws for industrial estates to improve land utilisation and increase industrial development capacity. The proposed framework will review planning norms such as floor space utilisation, setbacks and construction regulations to enable more efficient use of existing industrial land. The initiative follows recommendations to liberalise industrial building norms and complements ongoing infrastructure upgrades and policy reforms aimed at strengthening Goa’s industrial estates and manufacturing ecosystem.Read more

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